Friday Brief Intro (20/10/23) (W42)
Good afternoon and welcome to this week’s Friday Brief! Thank you for joining us for some industry news today. We hope you have all had a great week!
Let’s start the newsletter off by welcoming our newest MTA Member! Instructus is a UK registered charity and forms a group of organisations including CQM Training & Consultancy and the Springboard Consultancy. Find out more about what they do in the story below.
MTA members are invited to participate at the upcoming Autosport Engineering show which is part of the Autosport International exhibition at a significantly reduced rate. Working in close collaboration with Autosport, the MTA has secured a member’s pavilion area in Autosport Engineering show (11th-12th January), where members can have a 3m x 3m shell stand for the price of £1872+VAT, reduced from £3825+VAT. Please read more details in the story.
The MTA will now be promoting member’s open houses in our Friday Brief. If you would like us to include a short story regarding the details for your open house, please email us. The story below informs on our MTA Member Star Micronics GB and their open house which will be held November 7–9. If you wish to attend, please register through the link in the story.
On the 15th November the MTA will hold our AGM at one of member facilities, NIKKEN Kosakusho Europe Ltd. This year the event will include networking, refreshments & a light buffet/canapes in the afternoon along with a guest speaker. Book your space through the link in the story.
Our main economic story this week is our new forecasts for machine tool and cutting tool demand that were presented at our Forecast Seminar. The global economy is going through a period of general weakness but with variations in timing by region/country. The manufacturing sector is already in recession, even if most economies look likely to just about avoid that label. The parallel questions in most places is about the rate at which inflation will fall and then how soon that will be followed by reductions in interest rates.
Take a look at the story below for more details – this includes the link needed for members to access both the forecast documents and the presentations from our Seminar this week.
In our economic news article we have the latest data on the Contract Manufacturing index published by Qimtek and the market trends in the USA. The 3rd quarter of 2023 was a subdued period for the contract manufacturing companies in the UK, with July and August especially weak. In the US, orders for machine tools are still on a downward trend while the demand for tooling is going in the opposite direction.
Finally, a reminder of the surveys which are running at the moment. The MTA Business Survey which you can find at www.mta.org.uk/mta-business-survey-sep23 will be closing early next week while we have a little longer to run in the data collection phase of the EIA Quarterly Survey at https://www.mta.org.uk/eia-quarterly-survey-3rd-quarter-2023. Finally, for those companies in the Additive Manufacturing field, the bi-annual European AM Survey is also running and you can find the form for this at https://www.mta.org.uk/additive-manufacturing-trends-survey-autumn-2023.
That concludes our weekly newsletter for today! We hope you all have a wonderful weekend and we look forward to sharing more stories with you next week!
Qimtek Contract Manufacturing Index, 3rd Quarter 2023: The Qimtek Contract Manufacturing Index (CMI) uses data on the total purchasing budget for outsourced manufacturing of companies looking to place business in any given month to track activity in the sub-contracting sector. With two poor months in July and August, the recovery in September was not enough […]Read more
At the MTA Forecast Seminar this week – kindly sponsored by Marsh Commercial (an MTA Associate Member) – we published our new forecasts for the UK market for machine tools and cutting tools; this was alongside the Autumn edition of the Global Machine Tool Forecast. All of these documents and the presentations from the Seminar […]Read more
On the 15th November the MTA will hold our AGM at one of member facilities, NIKKEN Kosakusho Europe Ltd. This year the event will include networking, refreshments & a light buffet/canapes in the afternoon along with a guest speaker. Book your space to one of our most important events of the year and don’t miss […]Read more
The Star Micronics GB Open House takes place from November 7–9, 2023, at the Technology Centre in Derby. If you’re looking to expand your capabilities, improve your efficiency, and maximise your profitability, this is the event for you. A live preview of the SK-51 Type A fixed head lathe, featuring the advanced Fanuc iHMI control […]Read more
At Instructus Group, we can support you to invest in personal development and continuous professional growth. As experts in equality, diversity and inclusion, and a trusted name in the industry, we specialise in apprenticeships and skills based qualifications as well as personal and professional development programmes designed to transform your workforce and boost your bottom […]Read more
MTA members are invited to participate at the upcoming Autosport Engineering show which is part of the Autosport International exhibition at a significantly reduced rate. Autosport International combines both a trade and consumer show that takes place annually at the National Exhibition Centre, Birmingham and is attended by 600 exhibitors and 94,000 visitors from 60 […]Read more